Huya Inc. Reports 2024 Financial Results and Dividend Plan

Huya Inc ( (HUYA) ) has released its Q4 earnings. Here is a breakdown of the information Huya Inc presented to its investors.

Huya Inc., a prominent game live streaming platform in China, provides a wide range of interactive and immersive content for game enthusiasts, collaborating closely with game companies and e-sports organizers to expand its influence in the gaming industry both domestically and internationally.

In its latest earnings report, Huya Inc. announced its financial results for the fourth quarter and fiscal year 2024, highlighting a strategic transformation that led to improved profitability and a significant increase in game-related services and advertising revenues. The company also unveiled a dividend plan aimed at enhancing shareholder returns.

Key financial metrics for the fourth quarter of 2024 include total net revenues of RMB1,495.8 million, a slight decrease from the previous year, while game-related services and advertising revenues saw a substantial increase to RMB371.6 million. The company reported a net loss of RMB172.2 million, but a non-GAAP net income of RMB1.2 million, reflecting a positive shift from the previous year’s losses. For the fiscal year 2024, Huya’s total net revenues were RMB6,079.1 million, with a notable rise in game-related services revenues to RMB1,333.9 million, contributing to a reduced net loss of RMB48.0 million and a non-GAAP net income of RMB268.8 million.

Huya’s management expressed optimism about the future, emphasizing the company’s commitment to advancing its “AI + Live Streaming” strategy to enhance content creation and user engagement. The introduction of a dividend plan for 2025-2027, with a total distribution of no less than US$400 million, underscores Huya’s dedication to returning value to shareholders while continuing to explore new opportunities for growth and development in the gaming sector.